Files
awesome-hez/playbook.md
T
2024-08-20 14:04:10 +02:00

3.1 KiB

The Polkadot Playbook

The minimum set of information you need to be able to explain Polkadot to others.

What is Polkadot?

  • Polkadot is a scaling solution for Web31 applications and services.
  • Polkadot scales through data and execution sharding, allowing for parallelized throughput.2
  • Polkadot provides shared security and interoperability to services build on it.3
  • Polkadot creates abundant, flexible, and high quality blockspace.4
  • Polkadot uses a novel "cynical" rollup to provide fast finality while using minimal resources.5

What unique things can you do on Polkadot?

  • Build applications which execute automatically (without initial user input).
  • Build applications with full control over block construction and transaction execution.
  • Build applications which dynamically scale up and down execution cores.
  • Build applications which execute at sub-second speeds.6
  • Build applications where end-users pay no transaction fees.

Why choose Polkadot?

  • Billions of dollars of economic security provided to itself and applications running on it.
  • Fast finalization times, on average under 30 seconds.
    • Compare that to optimistic rollups which may take up to a week!
    • Block production is separated from finality, reducing network stalls.7
  • Executing and scaling on standard "gaming" hardware.8
    • Compared to expensive and centralized machines needed for vertical scaling or ZK provers.
  • 50+ active roll-ups building 9
    • Many projects outside of Polkadot also use the Polkadot SDK.10
  • Secure cross-chain interoperability with a native bridging protocol.
  • Trustless bridges to other blockchain ecosystems.11

Where is Polkadot leading?

  • Among the highest Nakamoto coefficients in the blockchain ecosystem.12
  • 2nd largest developer community after Ethereum.13
  • Blazing fast execution speeds compared to other blockchain VMs.14
  • One of the largest functioning DAOs, managing tens of millions of dollars in assets.15

  1. https://gavwood.com/dappsweb3.html, https://gavofyork.medium.com/why-we-need-web-3-0-5da4f2bf95ab ↩︎

  2. https://polkadot.com/blog/polkadot-v1-0-sharding-and-economic-security ↩︎

  3. https://www.youtube.com/watch?v=uKQOSPfM-W0 ↩︎

  4. https://www.rob.tech/blog/polkadot-blockspace-over-blockchains/ ↩︎

  5. https://x.com/rphmeier/status/1807884271157187007 ↩︎

  6. https://twitter.com/bkchr/status/1818027282688352591 ↩︎

  7. https://polkadot.com/blog/polkadot-consensus-part-1-introduction ↩︎

  8. https://wiki.polkadot.network/docs/maintain-guides-how-to-validate-polkadot#requirements ↩︎

  9. https://polkadot.subscan.io/parachain ↩︎

  10. https://www.availproject.org/, https://midnight.network/, https://entropy.xyz/ ↩︎

  11. https://polkadot.com/blog/the-landscape-of-trustless-bridges-on-polkadot ↩︎

  12. https://nakaflow.io/ ↩︎

  13. https://twitter.com/Polkadot/status/1577016988697706496, https://github.com/electric-capital/crypto-ecosystems ↩︎

  14. https://github.com/koute/polkavm/blob/master/BENCHMARKS.md ↩︎

  15. https://polkadot.subscan.io/account/13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB, https://polkadot.com/platform/dao ↩︎